Dinar Daily NEWS Blog – June 3rd

US conducted over 26,000 airstrikes against ISIS in Mosul – Embassy

One hundred days after launching western Mosul liberation operation, the Iraqi forces, backed by US-led Coalition, have conducted over 26,100 airstrikes against ISIS’ targets in Mosul city, US embassy in Baghdad revealed on Friday.

In a statement, the embassy said that the forces continue their push to recapture ISIS-held districts in the city.

Iraq’s Ministry of Defense has announced that its forces have made significant progress in the neighborhoods of al-Zanjili and al-Shifaa, located in Mosul’s right bank.

It is estimated that there are a few of ISIS terrorists left in Mosul, the second largest city in Iraq. It is expected that they will desperately defend the last pocket of the city that has been once their main stronghold in Iraq.

Read more: http://www.dinarupdates.com/showthread.php?49717-US-conducted-over-26-000-airstrikes-against-ISIS-in-Mosul-%96-Embassy
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Iraqi forces free 700 civilians in Mosul

Rapid Response Forces have freed more than 700 civilians who were held by ISIS terrorists in the district of al-Zanjili in Mosul.

The Iraqi forces are now controlling 60 percent of territories in Zanjili district.

This comes as the Iraqi forces have been pushing against the terror group of ISIS in the right bank of Mosul since February 19th with the aid of the US-led coalition.

Read more: http://www.dinarupdates.com/showthread.php?49766-Iraqi-forces-free-700-civilians-in-Mosul

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The Government form Committees to Resolve the 3000 High Function Managed by Proxy

Citizen revealed the mass of efforts made by Prime Minister Haider al – Abadi to resolve the three thousand senior government post is run by proxy. The government confirmed the formation of committees to establish special criteria for occupancy of these positions, he indicated that the coalition refused to name his representatives in these committees, preferring to leave it to the government and its president.

In parallel, suggesting political blocs that the government completes its mandate without resolving the three ministries vacant file, due to preoccupation with all parties to the fate of the Commission and the electoral law.

Says mass coalition citizen member of Raad al – Haidari (range), ” The Prime Minister Haider al – Abadi form of government committees mini to resolve the positions and sites managed by proxy file , ” revealing the Abadi to inform the leaders of the coalition, a month ago, the move and asked them to send his representatives to participate these committees in order to “standards and principles to be adopted in the new choices” mode.

Haidari said that ” the National Alliance response to the request of the prime minister turned down because the task of the jurisdiction of the government,” pointing out that “These committees will open the door for nomination for all locations and positions managed by proxy, which is estimated at more than three thousand site and the post distributed among independent bodies and Undersecretary of the Ministry, and degrees of special ambassadors, advisors and military sites. ”

The accused parties within the National Alliance , the Dawa party acquired 17 independent body, which denies the party and confirms that the positions belonging to the parties in the rule of law.
According to the political agreement, which entered into the blocks before the formation of the government Abadi, the National Alliance ‘s share of the bodies of 15 compared to 11 organizations distributed between the Sunnis and the Kurds, and a single body of the Christian component, in addition to the three positions of Awqaf (Sna- Hiei- Christian and other components).

He says a member of the mass citizen, led by Ammar al – Hakim, said that ” the committees will depend in the selection of competent to fill the positions of these sites and personalities , ” stressing that “preparations are in full swing for the end of the resolution of the sites managed by proxy file.”
And about the fate of the vacant ministries and disagreement about the candidates, al – Haidari said , “This file is from the broken files confirm and there is no negotiations between the blocs to be settled at the present time , ” he said, adding that “preoccupied with other files of political parties is more important than the vacant ministries file.”

The Minister of Higher Education and Scientific Research Abd al – Razzaq al- Essa, announced on Wednesday, for the approval of the Prime Minister requested exemption from the Ministry of Finance.
Because of the preoccupation with legislation blocks the electoral law and the position of the Electoral Commission, MP Messenger Abu Hasna , asserts that ” the vacant ministries file is no longer on the list of priorities Abadi.”

The three ministries are still managed by proxy , namely: finance, trade and industry. The Abadi and the first administration, while The Planning Minister Salman Jumaili ‘s second administration, while managing the Minister of Labor and Social Affairs , the third management.

He adds MP Obouhsnh, during an interview with the (range), that ” the vacant ministries file died clinically and blocks is not serious to discuss with Prime Minister Haider al – Abadi , ” stressing that “security problems and disputes over election law led to the disposal of the blocks of these ministries vacant “.

Four months before the Council of Ministers refused to vote on the nomination of candidates for the ministries of industry and trade because of the different component of the Turkmen representatives on the one hand, and between the National Coalition and the Sunni powers on the other hand, on the nomination of the Minister of Commerce bag. And the exchange of deputies of the Turkmen component accusations over the candidate of Necmettin Mohsen failed to take over the Ministry of Industry.

But the MP for the rule of law expects the vacant ministries file move against the backdrop of the resignation of Abdul – Razzaq al- Issa for the management of the Ministry of Finance acting. ”
Says a member of the call block” The data indicate that the current government will complete its without naming the ministers of trade, industry and finance , “attributing it to that” blocs preoccupied with theconcerns and preparations for parliamentary and local elections that will be a vote of one. ”
concludes MP for the province of Muthanna to say that” the blocks is dedicated to engage in talks about the ministries will be the assumption is not enough to offer anything. ”
agrees MP Hassan Chuird, a member of the national coalition, with Abu Jsnh, as it confirms The blocs spent even consider thinking about the vacant ministries file, pointing out that ” the file has become the forgotten files of all parties.”

Says Chuird, in a statement (term) yesterday that “political problems, particularly the electoral law imposed on the parties and blocs to turn a blind eye for the vacant ministries file “, pointing out that” the priority is focused on choosing a new election Commission. ”
the uncertain fate of the electoral Commission after the House vote, the end of last April, the lack of conviction answers to the President of the board.

He favored one vote is not convinced of the camp answers UNHCR B119 voice against the latter, compared to 118 in its favor, and preferred 15 deputies Keep the white ballot papers.
The political blocs are looking for a legal way out of the impasse faced by the Committee of Experts charged with choosing a new Office of the Council, after nominate six of the current staff of the Electoral Commission.

Read more: http://www.dinarupdates.com/showthread.php?49790-Abadi-forms-committees-to-resolve-the3000-high-function-managed-by-proxy

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Federal Police evacuate 14 families from western Mosul’s Zanjili

Mosul (IraqiNews.com) Iraq Federal Police forces evacuated Friday 14 Iraqi families from a western Mosul district where battles approach the birthplace of the Islamic State’s proclaimed “caliphate”.

Almaalomah website quoted a security source saying police evacuated 14 families from Zanjili, a district adjacent to the Old City, the place where IS supreme leader declared the establishment of the group’s rule in Iraq and Syria in 2014.

The families had been trapped for months under IS siege, said the source.
Last Wednesday, the army’s elite Counter-Terrorism Service evacuated 380 civilians from Zanjili.
Islamic State militants have faced accusations by Iraqi and United Nations officials, as well as local and world aid groups, of using civilians as human shields during the battle running in Mosul since October.

U.N. estimates put the number of civilians stranded at the battlefield in the Old City at 200.000, saying they suffer severe shortages in food and medicine.

According to news reports, IS had executed dozens of civilians in western Mosul for attempting to escape to security-held areas or acting as informants for the government troops. Dozens of other civilians were shot dead by snipers on their escape routes.

Iraqi government troops regained control over eastern Mosul in January after three months of fighting. Operations for the western side of the city launched in mid February, and Iraqi generals say a few hundreds of IS fighters remain in the Old City as a last refuge.

Read more: http://www.dinarupdates.com/showthread.php?49780-Federal-Police-evacuate-14-families-from-western-Mosul%92s-Zanjili

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Kaperoni (Dinar Guru)   […is it better for Iraq to rebuild itself at the present rate or at a re- established rate?]   …at this point and time, it does not matter what the exchange rate is regarding rebuilding…since the primary source of revenue is oil sales (95%) which is paid in dollars.  And since the dinar is not globally convertible, Iraq pays for goods in dollars.  So in that sense they are on the same playing field we are on in the US when we pay for goods.   The real benefit comes when the CBI can begin to raise the value to offset inflationary pressure created by investors and investment along with meeting  IMF Article VIII compliance.  The result will eventually give the citizens a better life, greater purchasing power and most importantly the ability for the CBI to keep its dollars and pay in dinars. 

Read more: http://www.dinarupdates.com/observer

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Abadi reveals a plan to secure the Iraqi-Syrian border

Baghdad Mawazine News Prime Minister, Commander-in-Chief of the Armed Forces, Haider al-Abadi, announced on Tuesday a plan under his supervision and coordination with the popular crowd to secure the border with Syria, stressing that the Iraqi forces managed to besiege “terrorism” and control of his movement, while promising not to keep any ” , Pointing out that terrorism will not be able to carry out terrorist attacks against Iraqis except with the presence of “Hawadn”.

Abadi called in his weekly press conference, and his follower / Mawazin News / political blocs to “commit to national unity and fight terrorism,” surprising statements that call for “emergency government”, pointing out that “the elections will be held in time,” stressing that ” Changing the constitutional timing “.

On the latest bombing in Baghdad yesterday, Abadi said that the security breach in Baghdad can not be considered as a breakdown as much as an “intelligence disorder”. Some of the voices accused it of giving terrorism greater than its size, and this terrorism wants to achieve “a media and psychological victory.”

“When terrorists target innocent people in Baghdad, some try to discourage morale and morale on the front lines,” he said, adding that “there is a radical plan on joint checkpoints” .

“We have been able to besiege terrorism and control its movement, we will not keep any of the terrorists and we are serious to pursue them,” Abadi said in his weekly press conference, calling on political blocs to “commit to national unity and fight terrorism.”

“A plan has been drawn up under the supervision of the commander-in-chief of the armed forces and in coordination with the popular crowd to secure the Iraqi-Syrian border,” Abadi said.

The commander-in-chief of the armed forces, Prime Minister Haider Abadi, said on Monday (May 29, 2017) that the declaration of “victory” in the city of Mosul will be very soon, while considered the arrival of the popular crowd to the Iraqi-Syrian border “an achievement.”

Read more: http://www.dinarupdates.com/showthread.php?49630-Abadi-reveals-a-plan-to-secure-the-Iraqi-Syrian-border-Political

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Paramilitary troops say crossing Iraqi borders requires parliament approval

The Shia-led paramilitary troops have said that crossing the Iraqi borders to other countries requires parliament approval in advance.

In press remarks, Ahmed al-Assadi, spokesperson of al-Hashd al-Shaabi (Popular Mobilization Units) said “armed troops either from army, al-Hashd al-Shaabi or the army’s elite Counter-Terrorism Service crossing the Iraqi borders requires voting by Iraqi parliament as constitution does not allow intervention in other countries’ affairs.”

He considered that “talks about this issue while the country is fighting and clearing the provinces from Islamic State is unreal.”

“The troops will stick to all instructions and commands made by the armed forces commander-in-chief,” Assadi added.

“After retaking all the regions from Islamic State, the PMUs will have a basic role in immunizing areas that suffer weakness in borders control,” he said.

On Tuesday, Syrian Kurdish leader Ciwan Ibrahim said Syrian Democratic Forces will battle against PMUs in case the troops crossed to the Syrian borders.
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Earlier this week, Hadi al-Amiri, head of Badr Organization, said PMUs reached to Iraqi-Syrian borders.

Last week, al-Hashd al-Shaabi troops resumed the second phase of operations, launched earlier this month, to liberate the remaining villages in the vicinity of Qairawan, a main Islamic State bastion which links between Tal Afar town and the Syrian borders, and Baaj, after the troops announced full liberation of Qairawan.

PMUs, an alliance of more than 60 mostly Shia militias, are recognized by the government as a national force under the Prime Minister’s command.

Read more: http://www.dinarupdates.com/showthread.php?49638-Paramilitary-troops-say-crossing-Iraqi-borders-requires-parliament-approval

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BGG (Dinar Guru) –   “Our economy is space. Monetary policy is an example”  The…article is a VERY HARD translation – BUT IMHO FILLED with DEAD GIVE-AWAYS!  …for those pouting about not being rich yet – this is one more log on the FIRE!  What it means is – they are doing things (up until now) this economist doesn’t understand and can’t explain.  Quotes:  “…we urgently need a new economic philosophy that leads to generating development And to expand the supply and demand for local production in all its variants, especially in an important aspect of monetary policy is dealing with the value of the development of the dinar or the liberation of the value of the dinar...”  “The liberalization or floating of the currency is not strange or innovative in the money market, it is a tool of the monetary policy…”  BOOOOM…That’s all I have to say. That is a DIRECT narrative on the state of the currency value in Iraq. This was published yesterday.  Cannot be anymore direct.

Read more: http://www.dinarupdates.com/observer
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The central bank sells more than $ 155 million in the auction today

BAGHDAD / The Central Bank of Iraq sold Wednesday a $ 155 million auction.

“The size of the amount sold today amounted to 155 million, 688 thousand and 671 dollars, at an exchange rate of 1182 dinars per dollar, with the participation of 37 banks and 10 companies for financial transfer.”

The statement said that “the sale of amounts transferred to the accounts of banks abroad, as well as the sale of cash was the price of 1190 dinars per dollar.”

Read more: http://www.dinarupdates.com/showthread.php?49656-The-central-bank-sells-more-than-155-million-in-the-auction-today

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Economic “warns” the Central Bank

BAGHDAD / The Economic Committee warned the parliamentary on Wednesday, the central bank to continue its policy classification of banks to varying degrees to participate in the window auction currency, calling him to commit to neutrality and non-discrimination between banks.

“The Central Bank’s policy is one of the reasons for the corruption of its employees because it did not comply with the law that provides for equality and non-discrimination between one bank and another,” the committee said in a statement. Dealing with Iraqi banks. ”

“The central bank must move away from its present in the Central Bank of conflicts of interest and prevailed in the moods and the tendency to reward the party and punish another party without a professional and legal standard,” adding that “manipulation of the implementation of the policy of the Central Bank through individual desires not based on economic grounds A risk that could bring risks to the economy of Iraq, which is undergoing great challenges under the exceptional circumstances experienced by Iraqis. ”

The committee called on the Central Bank’s administration to “close the doors encouraging corruption by some employees of the Central Bank,” indicating that “the opposite will expose the reputation of this ancient institution to danger and lose confidence, which will negatively affect the overall monetary situation in the country, Value of the national currency “.

The parliament’s economic committee called on the central bank to “abide by neutrality and non-discrimination between banks and deal equally in the window of currency sale and the abolition of the policy of classification based on discretionary calculations to avoid our resort to questioning and questioning under the parliament.”

Read more: http://www.dinarupdates.com/showthread.php?49658-Economic-quot-warns-quot-the-Central-Bank

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Kaperoni (Dinar Guru) –  Artile:  “Experts: float the currency needs to be a productive economy and not Rieia (rentier)”   Quote:   “…to float the currency now in Iraq can not talk about that simple, as needed to advance measures…it could be done if the transformation of the Iraqi economy from a yield to productive…”  This is actually a really good article because they state very clearly that under the current conditions they cannot float the dinar…and only once the market economy begins can they do so So we continue to wait for Iraq to set the stage for investment.  Pass the needed laws, get the dinar in compliance with the IMF, etc.  to move to Article VIII.  Only then will we see the dinar float and rise based on market forces I am hopeful that yet this year we can see that happen.

Read more: http://www.dinarupdates.com/observer
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Governor of Baghdad is discussing with a Swiss company the establishment of waste recycling project capital

Economy News _ Baghdad: Baghdad Governor Atwan al-Atwani on Wednesday discussed with a delegation of a Swiss company involved in waste recycling projects the implementation of a similar project in the province.

The press office of the governor said in a statement that “Al-Atwani discussed with a delegation of one of the Swiss companies concerned with waste recycling projects, that the province is keen to adopt such projects and is a pioneer in inviting international companies competent to work in the province of Baghdad, Adding that “the province is ready to provide infrastructure and provide various facilities and legal and administrative procedures for the transfer and implementation of investment projects in this area.”

He added that “the local government encourages international investment companies to work in the province and provide all the necessary support for the implementation of these projects, which benefit the province and its citizens.”

The secretariat of Baghdad, had contracted earlier with a Turkish company to clean up 30% of the capital Baghdad for 31 billion dinars, but the contract did not last long, the return of waste to the streets, especially in commercial areas.

Read more:  http://www.dinarupdates.com/showthread.php?49646-Governor-of-Baghdad-is-discussing-with-a-Swiss-company-the-establishment-of-recycling

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Oil falls as production of Libya and America rises

Economy News BAGHDAD, Decreased Prices Oil One percent Today Wednesday With a plus Production The Libyan Which Agate Fears the list Already From Height Production American Including Undermines Discounts Production Which Led (OPEC) With a view Reducing Gap between Display And demand at Market .

By At 0657 hours Greenwich Decreased raw Measurement Global Mix Brent at Contracts Futures 54 cents or One percent About Closure the previous Up To $ 51.30 Per barrel .

He slipped raw West Texas Mediator American at Contracts Futures 51 cents or One percent About price Closure the previous Up To $ 49.15 Per barrel .

And he said Traders that drop the prices came result Height Production at Libya Which rip it Conflict and he What Increase From Sharpness Effect the growth Continuing Production American .

She said Enterprise National Of oil at Libya day Monday that From Expected that Rises Produce Libya From Raw To 800 thousand barrel Daily This Week .

And from Likely that Boosts that exports Libya From Oil . Showed Data Shipping On platform Thompson Reuters Econ it’s a With Exclude Exports Movable Across Lines Pipes Issued Libya 500 thousand barrel Daily at Average Ago Beginning General Comparison With Average Amounting to 300 thousand barrel Daily Just In 2016.

It is due a plus Production American to me end Big For high Activities Drilling For exploration About Oil Rocky More From ten percent Ago Mid General the past To exceed 9.3 million barrel Daily Including Approximates Levels Saudi Arabia And Russia Larger Producers Of oil at World .

And undermines Height Production American And Libby Efforts Which Made organization the countries Exporting ( OPEC ) and some Producers Outside And from between them Russia To shrink Gap between Display And demand at market Overheated Supplies From During scale down Production About 1.8 million barrel Daily Even End Quarter the first Of 2018.

And Libya member at organization OPEC but she Exempted From Discounts Production While No Involved the states United Nations at That Deficiencies .

And reached Produce Russia From Oil is 10.94 million barrel Daily at May May Including In line With Pledges By reducing Production According when I mentioned Resources day Wednesday .

Read more: http://www.dinarupdates.com/showthread.php?49645-Oil-falls-as-production-of-Libya-and-America-rises

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BGG (Dinar Guru) –   I am very excited about the current state of things. I am very excited about the next short time frame… I think we are in an incredible window of time right now…and I do feel – if things advance as they have been – we could be very, very close. Maybe not today or tomorrow, but legitimately CLOSE. Unlike ever before.  (keep in mind – we have been close before – the CBI had planned on 2013? sometime and put it off). According to the SIGR Report.  We are close.  REAL CLOSE.

Read more: http://www.dinarupdates.com/observer
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Today we remember the men and women who made the ultimate sacrifice in serving. Thank you, God bless your families & God bless the USA! –

President Trump

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Keywords: Prepare a plan for the rehabilitation of the central bank branch in Mosul

Economy News Baghdad: Iraq’s central bank governor Ali al-Alaq on Wednesday prepared a plan to rehabilitate his branch in the province of Nineveh after the terrorist organization “Da’ash” caused great damage to it and stole its contents.

Al-Aalak said in an interview with the Economist News that gangs that have encouraged crime have caused great damage to the bank’s branch in Mosul, especially since it is located on the right side of the city and was liberated by the armed forces.

He added that “gangs before carrying out sabotage operations in the building was to steal the contents of the time, which consists of treasures estimated at 500 billion Iraqi dinars and 80 million dollars.”

“The central bank has prepared a plan to rebuild the branch once the security situation stabilizes. Once a signal is received that the situation is safe for the bank to play its role, we have a priority that the central bank should return to work in providing services to banks and exchange and transfer companies,” he said.

Read more:  http://www.dinarupdates.com/showthread.php?49641-Keywords-Prepare-a-plan-for-the-rehabilitation-of-the-central-bank-branch-in-Mosul

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BGG (Dinar Guru) –   Article:  “Iraq offers compensation settlement and Kuwaiti debt against investment”   Quote:  “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.“.   two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq?  One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period.  Really good news – entering final talks – it appears.

Read more: http://www.dinarupdates.com/observer/
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Kaperoni (Dinar Guru) –   Article:  “ATMs for MasterCard card users”   …it is fun to watch all the pieces be put in place for the economy to take off.  Iraq is literally going from the stone age to the 21st century with technology in a few years.

Read more: http://www.dinarupdates.com/observer/

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Adam Montana (Dinar Guru) –   [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates.  How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates?  Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?]  This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money.  It just dilutes the dollar a little bit more.  IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.

Read more: http://www.dinarupdates.com/observer/

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Iraqi Dinar/Dollar auction 06-1-17 (most recent listing)

Currency Auctions Announcement No. 3456

This daily currency auction was held in the Central Bank of Iraq on the 06-01-2017

DETAILS NOTES
Number of banks 38
Number of remittance companies 10
Amount sold at auction price (US$) 151,197,131
Amount purchased at Auction price (US$) —–
Total offers for buying (US$) 151,197,131
Total offers for selling (US$) —–

Read More: http://www.dinarupdates.com/observer/

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CURRENCY CODE SELL BUY
US dollar USD 1184.000 1182.000
Euro EUR 1328.566 1327.902
British pound GBP 1520.078 1519.318
Canadian dollar CAD 877.102 876.663
Swiss franc CHF 1219.361 1218.752
Swedish krona SEK 135.842 135.774
Norwegian krone NOK 140.756 140.686
Danish krone DKK 178.577 178.488
Japanese yen JPY 10.671 10.666
Special
Drawing Rights
SDR 1634.619 1633.80

Indicative rates – 06.1.2017

http://www.cbi.iq

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